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Czechoslovak Group AS announced plans for an IPO in Amsterdam, potentially the largest for a defense company, as European governments increase defense spending post-Russia's invasion of Ukraine. Other firms like KNDS NV and WB Electronics SA are also considering IPOs.

Defense stocks have doubled over the past year due to rising demand for military supplies. Recent IPOs, including Renk AG and Theon International Plc, have seen strong performance. Analysts suggest a decade of growth remains in the defense sector, despite uncertainties regarding a potential peace deal in Ukraine.